1 unchanged sentence
Purchases of Equity Securities by the Company
−Removed: The following table provides information regarding the Company’s purchase of its common stock during the period from December 25, 2021 to March 26, 2022, the Company’s first fiscal quarter:
+Added: The following table provides information regarding the Company’s purchase of its common stock during the period from March 27, 2022 to June 25, 2022, the Company’s second fiscal quarter:
Fiscal Period
9 unchanged sentences
Purchased Under the
−Removed: December 25, 2021
−Removed: December 26, 2021 – January 22, 2022
−Removed: January 23, 2022 – February 19, 2022
−Removed: February 20, 2022 – March 26, 2022
−Removed: On December 7, 2021, the Landstar System, Inc.
−Removed: Board of Directors authorized the Company to purchase up to 1,912,824 additional shares of the Company’s Common Stock from time to time in the open market and in privately negotiated transactions.
+Added: March 26, 2022
+Added: March 27, 2022 – April 23, 2022
+Added: April 24, 2022 – May 21, 2022
+Added: May 22, 2022 – June 25, 2022
On December 9, 2019, the Landstar System, Inc.
Board of Directors authorized the Company to purchase up to 1,849,068 shares of the Company’s common stock from time to time in the open market and in privately negotiated transactions.
−Removed: As of March 26, 2022, the Company had authorization to purchase in the aggregate up to 2,306,450 shares of its Common Stock under these programs.
−Removed: No specific expiration date has been assigned to the December 7, 2021 or December 9, 2019 authorizations.
−Removed: On August 18, 2020, Landstar entered into an amended and restated credit agreement with a syndicate of banks and JPMorgan Chase Bank, N.A., as administrative agent (the “Credit Agreement”).
+Added: This program was completed during the 2022 second fiscal quarter.
+Added: On December 7, 2021, the Landstar System, Inc.
+Added: Board of Directors authorized the Company to purchase up to 1,912,824 additional shares of the Company’s common stock from time to time in the open market and in privately negotiated transactions.
+Added: As of June 25, 2022, the Company had authorization to purchase in the aggregate up to 1,603,239 shares of its common stock under this program.
+Added: No specific expiration date has been assigned to the December 7, 2021 authorization.
+Added: On August 18, 2020, Landstar entered into the First Amended and Restated Credit Agreement with a syndicate of banks and JPMorgan Chase Bank, N.A., as administrative agent.
+Added: As previously disclosed in a Form 8-K
+Added: filed with the SEC on July 8, 2022, Landstar entered into the Second Amended and Restated Credit Agreement, dated July 1, 2022, with a bank syndicate led by JPMorgan Chase Bank, N.A., as administrative agent that superseded and replaced the First Amended and Restated Credit Agreement.
The Credit Agreement provides for a restriction on cash dividends and other distributions to stockholders on the Company’s capital stock in the event there is a default under the Credit Agreement.
4 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.